Are asking if people born and raised at altitude (at least 4500ft.) have a performance advantage, 1500m & mile? Maybe.
Three areas of the world where citizens have the greatest genetic resistance to altitude sickness: Nepal, South American highlanders and Ethiopia. From those three areas of the world, Ethiopians seem to produce the best 1500m/milers but Ethiopia does not necessarily produce the best 1500m/milers. Shorter the distance, more important, 200m sprinting speed. Two-hundred meter sprinting speed is not correlated at all with higher elevation.
If you are asking is it a net plus, 1500m/one mile performance for sea level athletes to train at higher elevation for sea level 1500m races? That is not proven. Sea level citizens are going to suffer altitude sickness at a rate greater than zero. Sea level citizens, in aggregate are going to have more injuries due to training at altitude. Less oxygen means recovery is more difficult.